On Wednesday, the Pakistan Stock Exchange (PSX) reached a significant milestone as the KSE-100 Index briefly crossed the 86,000-point mark. The surge was largely driven by heavy buying activity in major sectors such as energy, cement, and other influential stocks.
The upward momentum in the market was sustained by a greater-than-expected drop in inflation, sparking optimism among investors. This has raised hopes for potential policy rate cuts in upcoming meetings of the Monetary Policy Committee (MPC).
By 12:10 pm, the index had climbed to 86,383.58, registering an increase of 719.61 points. Market analysts have linked this rally to the growing anticipation of significant cuts in interest rates, further boosting investor confidence.
While the PSX experienced a strong upward trend, China’s stock market faced a downturn, with major indices plunging by over 5% following a recent rally. Despite this contrast, the positive sentiment in Pakistan’s market highlights its resilience and continued growth, fueled by favorable economic conditions and investor expectations.
